>>guest: republicans lost the election. it was about tax policy. most republicans want to get a deal they have to give something up. they will want something in run so if they bend on taxes they will want an entitlement reform, so, that is the rub, but, republicans do not want to raise the rates with you they want to eliminate the tax loopholes and bay down the debt. that would break grover's pledge. >>neil: i have the pledge, something that a lot of the guys signed on to, quite a few but what stands out is the second part of the pledge, you oppose any elimination of deductions and credits unless matched dollar for dollar by further reducing tax rates. it is the tax rate stuff that will not help. what do we make of either this moment of reality, this post election come to whoever moment or what? >>guest: the democrats have been frustrated with the g.o.p.'s sticking to the pledge and now, president obama won a second term, it is very important that any deal they sign off on would break part of the pledge. i don't think the democrats will sign off on